Charitable Remainder Unitrust - Two Life

Prepared for: Donor name

A. Input Assumptions
Date of transfer September 22, 2023
Fair market value of property transferred $1,000,000.00
Nearest age on the date of the gift for Beneficiary 1 is 85
Nearest age on the date of the gift for Beneficiary 2 is 85
Payout rate 5%
Payment frequency Quarterly
Date of first payment: September 30, 2023
The number of months from the valuation date and the first payout for the first full taxable year of the trust
3
The discount rate (effective 9/2023) is 5%
The mortality table is based on the census taken in 2010
B. Calculation of Present Value of Remainder Interest Factor: (Interpolation of Table U Factor for Number of Lives)
1. Factor from Table F based on the payment period, the number of months between the valuation date and the first payment date, and the discount rate
0.970057
2. Adjusted payout rate (Table F factor * payout rate) 4.85%
3. The nearest usable payout rate less than the Line 2 rate 4.8%
4. Line 2 minus line 3 0.05%
5. Line 4 divided by .20 percent 0.25142
6. Factor from Table U at the Line 3 rate 0.65621
7. Factor from Table U at the rate .20 percent higher than the line 3 rate 0.6451
8. Line 6 minus Line 7 0.01111
9. Line 8 times Line 5 (Interpolation adjustment) 0.00279
10. Present value of remainder interest factor (Line 6 - Line 9) 0.65342
C. Calculation of Tax Deduction for Charitable Remainder Unitrust
Fair market value of property transferred $1,000,000.00
Present value of remainder interest in unitrust factor as a percent 65.34%
Present value of remainder interest = the tax deduction (Line 1 * Line 2) $653,420.00
10% remainder interest test Passed

NOTE: This calculation is provided for educational purposes only. The type of assets transferred, the actual date of the gift, and other factors may have a material effect on the amount or use of your deduction. You are advised to seek the advice of your tax advisors before implementing a gift of this type.